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When your country temporarily blocks people from buying foreign currency, and that "temporary" restriction becomes a 50% tax on all foreign currency transaction
by mFixman 4y ago
When your country temporarily blocks people from buying foreign currency, and that "temporary" restriction becomes a 50% tax on all foreign currency transactions 10 years down the line (thus killing the tourism and services industry) you might think differently of this kind of tax evasion.
Keep in mind the local currency (which is the only legal way to save money) dropped 97.8% compared to USD since the block started.
- aaaaaaaaata 4y agoLiquidity is an important factor.